My Rent to Own Canadahttp://www.myrenttoown.ca
Rent to Own, Second Mortgages, Alternative FinancingMon, 30 May 2016 21:59:41 +0000en-UShourly1https://wordpress.org/?v=4.9.934993952The Real Estate Council of Ontario asking both homebuyers and investors to do their homework before leaping into a rent-to-own dealhttp://www.myrenttoown.ca/the-real-estate-council-of-ontario-asking-both-homebuyers-and-investors-to-do-their-homework-before-leaping-into-a-rent-to-own-deal/
Tue, 10 Sep 2013 14:01:14 +0000http://www.myrenttoown.ca/?p=1350“If a deal seems too good to be true, it probably is,” says the regulator’s registrar Joseph Richer. “As with any real estate transaction, it’s crucial for consumers to do their research before entering into a contract.” The warning comes on the heels of media reports this summer that homebuyers have lost money and even […]

]]>1350What is a Rent Credit?http://www.myrenttoown.ca/what-is-a-rent-credit/
Fri, 15 Jun 2012 14:13:39 +0000http://www.MyRentToOwn.ca/?p=830Rent Credit is a portion of the rent that is credited monthly and used as a downpayment when you decide to purchase. When you are in a Rent to Own agreement, credits are only calculated on rents received on or before the due date. If the rent is received after the due date, tenants do […]

]]>830What is an Option Consideration?http://www.myrenttoown.ca/what-is-option-consideration/
Wed, 13 Jun 2012 00:27:36 +0000http://www.MyRentToOwn.ca/?p=816An option consideration is a percentage of the purchase price of the home, usually between 10%. It is a non-refundable payment but, is 100% credited toward the purchase price of the home. This option consideration is used to bind the Rent to Own option contract. You will have to come up with the option consideration […]

]]>816What happens if I don’t pay rent on time?http://www.myrenttoown.ca/what-happens-if-i-dont-pay-rent-on-time/
Sun, 03 Jun 2012 22:03:48 +0000http://www.MyRentToOwn.ca/?p=863It is very important to ensure that rent is always paid on or before the first of every month. As with any other tenancy, if rent is not received by the due date tenants are at risk for eviction. With a Rent to Own not only do you risk eviction proceedings, but you could also […]

]]>863Who pays for repairs?http://www.myrenttoown.ca/who-pays-for-repairs/
Tue, 15 May 2012 20:52:23 +0000http://www.MyRentToOwn.ca/?p=850When a tenant enters into a Rent to Own agreement they are moving into their new homes as future home owners. As future home owners they are expected to maintaine the home as it were their own (after all in a few short years it will be!). Maintenance and repair responsibilities of the tenant buyer […]

]]>850Is Rent to Own right for me?http://www.myrenttoown.ca/is-rent-to-own-right-for-me/
Thu, 03 May 2012 13:35:51 +0000http://www.MyRentToOwn.ca/?p=848Rent to Own is a great alternative for people who are looking to purchase a home, but may not qualify for a mortgage today due to poor credit or a limited down payment. A Rent to Own program will allow you to move into the home of your choice today while a portion of your […]

]]>848Is my mortgage qualification guaranteed at end of term?http://www.myrenttoown.ca/is-my-mortgage-qualification-guaranteed-at-end-of-term/
Wed, 18 Apr 2012 14:55:35 +0000http://www.MyRentToOwn.ca/?p=846Although we do our best to ensure your success we cannot guarantee that your application for a mortgage will be approved at the end of the term. There are many factors that are taken into consideration when a bank is reviewing a mortgage application, such as total household income, total debit, credit score, and amount […]

]]>846Federal Governament Cuts 19,200 Jobshttp://www.myrenttoown.ca/federal-governament-cuts-19200-jobs/
Mon, 02 Apr 2012 17:52:09 +0000http://www.MyRentToOwn.ca/?p=69819,200 federal government jobs are being eliminated with most of the cuts being felt around Ottawa. Many pink slips have already been handed out at several departments including National Defence, the Public Service Commission and the Federal Economic Development Agency for Southern Ontario.

]]>698Home prices could soon be “topping out”!http://www.myrenttoown.ca/home-prices-could-soon-be-topping-out/
Sat, 24 Mar 2012 12:07:40 +0000http://www.myrenttoown.ca?p=523National home prices continued to rise in February, but the Canadian Real Estate Association (CREA) said Friday that evidence pointed to a market that was “topping out.” That wording differs from a Re/Max report also this week that predicted a “heated” spring market nationally, with demand continuing to push sales and prices upwards, as bidding […]

]]>523Government in no rush to tighten mortgage ruleshttp://www.myrenttoown.ca/government-in-no-rush-to-tighten-mortgage-rules/
Fri, 23 Mar 2012 13:53:57 +0000http://www.myrenttoown.ca?p=520The government seems prepared to sit pat with the current set of mortgage rules — the Finance minister viewing, with some irony, banker calls for tighter ones. “I find it a bit off that some of the bank executives are taking the position that the Minister of Finance or the government somehow should tell them […]